​​Real Madrid are ready to break their club transfer record in a bid to snatch Sergej Milinkovic-Savic from under the noses of ​Juventus and ​Manchester United.

The Lazio midfielder has been linked with a move away from the Biancocelesti, particularly since they slipped out of the Champions League places on the final day of the Serie A season.

However, there is no release clause in his contract and club President Claudio Lotito is prepared to play hardball over the Serbian’s future, claiming that he has already turned down a proposal in excess of €100m.

It is believed the team behind that approach was either Juve or United, both of whom have been admirers of Milinkovic-Savic for a while. But Real Madrid could usurp both with a nine-figure bid for the Serbian.

According to the newspapers Il Messaggero and AS (via ​Football Italia), Los Blancos will launch a €150m offer for Milinkovic-Savic, with another €20m in performance-related bonuses on top of that.

That would take the total fee to €170m, smashing the club’s previous transfer record of €100m which they spent on Gareth Bale in 2013.

Such a fee would also make Milinkovic-Savic the most expensive European footballer of all time and the second-most expensive overall, with only Neymar’s €222m move to Paris Saint-Germain ahead of him.

The 23-year-old would also command a yearly salary of €6m to begin with, which could increase over the course of a five-year contract.

He has been included in Mladen Kristajic’s Serbia squad for the World Cup and has indicated that he ​will not make a decision on his future until after the tournament.

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